Ripples Advisory, Poddar Housing shines on acquiring land parcel in Maharashtra
Poddar Housing and Development is currently trading at Rs. 800.00, up by 65.00 points or 8.84% from its previous closing of Rs. 735.00 on the BSE.
The scrip opened at Rs. 800.00 and has touched a high and low of Rs. 800.00 and Rs. 800.00 respectively. So far 152 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1635.95 on 07-Dec-2017 and a 52 week low of Rs. 620.00 on 16-Jul-2018.
Last one week high and low of the scrip stood at Rs. 800.00 and Rs. 685.00 respectively. The current market cap of the company is Rs. 464.18 crore.
The promoters holding in the company stood at 61.01%, while Institutions and Non-Institutions held 16.43% and 22.56% respectively.
Poddar Housing and Development has acquired a land parcel, under the joint venture, admeasuring about 71,900 sq mt at Sangli district in the state of Maharashtra through its LLP known as Poddar Anantah Nirvana LLP. The company is having 65% of economic interest in the said LLP.
The company is proposing to build a residential housing project at the same having a saleable area of around 1 million sq ft. The Joint Venture Company continues to expand its geographical presence in Tier II cities in addition to the company’s presence in MMRDA.
Poddar Housing and Development (formerly Poddar Developers) is a real estate development company. The company is engaged in the housing segment of the real estate sector.
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